One of the best professors I've ever had the pleasure to listen to.
Will never forget his explanations of "wedding cakes" and "altiplanos"
I feel both lucky and sad at the same time
I always ask myself, if the US sucks so much, and we're all right-wing nuts with no left-side of the spectrum (blah, blah), how come y'all living here?
Just why not move to Venezuela and have a lot of fun
I don't know all the details but the Fed will loan up to $30B with MBSs as collateral (which they would normally never ever accept).
A decent percentage of these MBSs will be worth zero and the Fed will loose
It's little risk to JPMC and a decent chunk to taxpayers.
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